Apple shares are trading lower Wednesday, apparently at least partly due to reports that the China-based contract manufacturer Foxconn has halted all recruiting at least until March. A report in the Financial Times blamed the move on slowing production of the Apple iPhone 5. But Bloomberg reports that Foxconn is saying the move is not related to Apple, and instead reflects the fact that more employees returned from the Chinese New Year break than a year earlier.
Apple shares are trading lower Wednesday, apparently at least partly due to reports that the China-based contract manufacturer Foxconn has halted all recruiting at least until March. A report in the Financial Times blamed the move on slowing production of the Apple iPhone 5. But Bloomberg reports that Foxconn is saying the move is not related to Apple, and instead reflects the fact that more employees returned from the Chinese New Year break than a year earlier.